Weekly Wool Prices

Week Ending 6 May (Week 45)

Local wool prices at Australian wool auction markets strengthened considerably again this week. An even more favourable AUD versus USD rate of exchange enabled the market to boost upwards in AUD terms whilst the status quo was effectively maintained when expressed in USD. For the second consecutive week, the Merino fleece sector provided the bulk of the rise which saw the EMI (Eastern Market Indicator) accelerate up by 27ac/clean kg to 1268. The EMI when expressed in USD is at 951usc. Despite the turbulent wool market locally the past month, the last five weeks has seen the market remarkably stable at around this USD level.